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Analysts on Fed rate policy in 2017


12-27-2016 01:09 BJT

The US Federal Reserve expects to increase its key interest rates three times in 2017. Is that feasible given the political and economic uncertainties in the US?

"The Federal Reserve is way behind in the plan, they should have raised rates two, three years ago, so at the moment they are playing a catchup game..." said Robert Heller, fmr gov., US Federal Reserve.

"The current US economy is running within a relatively high speed and stable range. But its low interest rates are not compatible with the strong economic fundamentals. So I predict the US Fed will raise rates two to three times in 2017," said Lian Ping, chief economist, Bank of Communications.

"The US Fed governors agreed to raise rates three times in 2017, but according to history, interest rates were raised less frequently than what the Fed promised. So I expect the US to raise rates one or two times, depending on inflation and wage growth," said Lu Zhengwei, chief economist, Industrial Bank.

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